Indiana § 27-8-15-21 Renewal cessation; prohibitions

Indiana Statutes

§ 27-8-15-21 — Renewal cessation; prohibitions

Indiana·Title 27 INSURANCE·Art. 8 LIFE, ACCIDENT, AND HEALTH·Ch. 15 Small Employer Group Health Insurance

(a)An insurer who ceases to renew all small employer plans may not do the following:

(1)Accept any new small employer business for five (5) years after the notice of nonrenewal of the plans.

(2)Transfer or otherwise provide coverage to any of the employers from the nonrenewed class of business unless the insurer offers to transfer or provide coverage to all affected employers and eligible employees and dependents without regard to case characteristics, claim experience, health status, or duration of coverage.

(b)The commissioner may suspend the penalty under subsection

(a)(1) upon a finding by the commissioner that the suspension would enhance the efficiency and fairness of the marketplace for small employer health insurance.

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(a) An insurer who ceases to renew all small
employer plans may not do the following:
(1) Accept any new small employer business for five (5) years
after the notice of nonrenewal of the plans.
(2) Transfer or otherwise provide coverage to any of the
employers from the nonrenewed class of business unless the
insurer offers to transfer or provide coverage to all affected
employers and eligible employees and dependents without regard
to case characteristics, claim experience, health status, or duration
of coverage.
(b) The commissioner may suspend the penalty under subsection
(a)(1) upon a finding by the commissioner that the suspension would
enhance the efficiency and fairness of the marketplace for small
employer health insurance.

Indiana § 27-8-15-21 (Renewal cessation; prohibitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.